Garmin Reports Fourth Quarter Results with Increased Global Market Share and Significant Inventory Reduction

Return on invested capital (ROIC)

Management defines return on invested capital (ROIC) as net operating profit after taxes divided by operating invested capital. Management believes that ROIC provides greater visibility into how effectively Garmin deploys capital. ROIC is not a measure of financial performance under accounting principles generally accepted in the United States (GAAP), and may not be defined and calculated by other companies in the same manner as Garmin does. ROIC should not be considered in isolation or as an alternative to net income as an indicator of company performance.

The following table contains a GAAP reconciliation of return on invested capital.

Garmin Ltd. And Subsidiaries
Return on Invested Capital (ROIC)
(in thousands)
   
52-Weeks Ended
December 27,

December 29,

2008   2007
Net Operating Profit After Taxes (NOPAT):
Operating Income (EBIT) $ 862,017 $ 907,351
Less: Taxes on Operating Income   ($181,518 )     ($123,262 )
Net Operating Profit after Taxes (NOPAT) $ 680,499     $ 784,089  
 
Invested Capital (IC):
Total Assets $ 2,890,990 $ 3,291,460
Less: Cash & Marketable Securities ($971,230 ) ($1,132,194 )
Less: Deferred Income Taxes ($49,825 ) ($107,376 )
Less: Non-Interest Bearing Current Liabilities   ($445,585 )     ($801,883 )
Operating Invested Capital (IC) $ 1,424,350     $ 1,250,007  
     
Return on Invested Capital   48 %     63 %
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Harris

Featured Video
Jobs
Project Manager for Keystone Aerial Surveys at Philadelphia, PA
GIS Specialist for Fresno Irrigation District at Fresno, CA
Division Engineer for Montana Dept. Of Commerce at Helena, MT
Geospatial Systems Administrator for BAE Systems Intelligence & Security at arnold, MO
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Avionics System Engineer for BAE Systems Intelligence & Security at Arlington, VA
Upcoming Events
Webinar: What's New in Global Mapper v19.1 at United States - Feb 27, 2018
2018 Esri Developer Summit at Palm Springs Convention Center Palm Springs CA - Mar 6 - 9, 2018
Gi4DM 2018: GeoInformation for Disaster Management at Suleyman Demirel Cultural Center Maslak Campus of Istanbul Technical University (ITU) Istanbul Turkey - Mar 18 - 21, 2018
2018 GIS/CAMA Technologies Conference at Hyatt Regency Houston Houston TX - Mar 19 - 22, 2018
Teledyne Optech
Teledyne:
GEOINT2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise